Published on 3/6/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $50.5 million 3.6% Yeelds linked to Tyco
By Jennifer Chiou
New York, March 6 - Lehman Brothers Holdings Inc. priced $50,500,002.15 of 3.6% Yeelds (Yield Enhanced Equity-Linked Debt Securities) due March 10, 2007 linked to Tyco International Ltd. stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Yeelds (Yield Enhanced Equity-Linked Debt Securities) medium-term senior series H notes
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| Underlying stock: | Tyco International Ltd.
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| Amount: | $50,500,002.15
|
| Greenshoe: | $7,574,983.60
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| Maturity: | March 10, 2007
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| Coupon: | 3.6%, payable quarterly
|
| Price: | Par of $25.65
|
| Payout at maturity: | Final value of Tyco stock on valuation date of March 5, 2007, capped at 125% of par or $32.0625
|
| Cap price: | $32.0625, 125% of initial value
|
| Pricing date: | March 2
|
| Settlement date: | March 9
|
| Underwriter: | Lehman Brothers Inc.
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